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Getting It Right

Strategic Agenda for Reforms in Mexico

Getting it Right is one of the most complete toolkits that the OECD has designed to help a country at the start of a new government administration. In this publication, the focus of the Organisation’s multidisciplinary knowledge is on Mexico; the discussion is enriched with international experience, and comparison based on best practices. In addition, the report identifies the Mexican economy’s strengths and weaknesses so as to support the design, promotion and implementation of key public policies for better economic performance.

Boosting Growth Potential

Slow income growth in Mexico has prevented its convergence to the average income levels of OECD countries. To strengthen growth potential, structural reforms are needed that will boost investment and reverse the trend of negative productivity growth that has undermined gains in well-being. Key reforms called for include boosting human capital, making labour markets more flexible and more formal, removing restrictive barriers to entry to different economic sectors, and improving the quality of the judiciary. Strengthening competition is an urgent objective that could likely yield the most front-loaded benefits. Also needed are institutions capable of ensuring that the reforms agreed are effectively implemented. This will require improvements in the legal framework and political commitment to reform. Many of the commitments contained in the Pact for Mexico pursue these purposes, but their full and coherent implementation is a requisite for greater growth.